Price per barrel of WCS oil in US dollars.
WTI Oil ($US/bbl)
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PUBLISHED - Jun 29, 2018
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$69.98 a barrel in May 2018, 44.3% higher than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers for oil, averaged US$53.25 a barrel in May 2018, 37.1% higher than it was a year earlier. The differential of WTI over WCS narrowed to US$16.73 in May 2018.